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CBN writes House of Reps, says Emefiele is ill, to send his Deputy

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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele will not appear before the House of Representatives on Thursday, the regulatory bank said on Wednesday.

Emefiele will be represented by the Deputy Governor in charge of Financial System Stability,  Aisha Ahmad.

In the latest letter to the House of Reps signed by the bank’s Deputy Governor, Corporate Services,  Edward Adamu, Emefiele was said to be ill and would not be able to appear before the lawmakers in person.

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For the second time, Emefiele failed to appear before the House on Tuesday.

Amidst protests and condemnation, the lawmakers rescheduled his appearance for Thursday, insisting on the suspension of the cash withdrawal limits set by the regulatory bank.

The House had summoned Emefiele to explain the latest policy by the CBN which, among others, set limits to cash withdrawals at the banking halls and other channels of cash withdrawals.

After the Speaker of the House of Reps, Femi Gbajabiamila read out the letter from the CBN to members in the middle of Wednesday’s plenary, the lawmakers resolved to accept Emefiele’s representation.

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